- This topic has 179 replies, 177 voices, and was last updated 2 years, 7 months ago by
.
-
Posts
-
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Fibonacci – ratios are generally 24%, 38%, 50% , 62% and 100%.
Most prominent support and resistance zone are 38% & 62 %</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”></p>Fibonacci retracement is a technical indicator , which tells the traders that if the market has resistance at a particular price then support shall be offered at the following levels : 24% , 38%,50%,62%,100%.
similarly , if support is given at a particular Price , then Resistance is give at the above percentages.
<span style=”color: #111111; font-family: sourcesanspro-regular-webfont, Helvetica, Arial, Verdana, sans-serif, sans-serif-light, sans-serif; font-size: 17px; line-height: 25px;”>Fibonacci ratios are 23.6%, 38.2%, 50%, 61.8% and 100%</span>
Most prominent ratios are 382%and 61.8%
A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance . Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction. These levels are created by drawing a trendline between the high and low and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.
- You must be logged in to reply to this topic.
